Opening Bell: Nifty above 17,900, Sensex reclaims 60,000 mark; IT, banking shares shine
Domestic equity markets on Friday started on a strong note amid expectations of good earnings as the global markets remained subdued to negative on Monday.
![Opening Bell: Nifty above 17,900, Sensex reclaims 60,000 mark; IT, banking shares shine Opening Bell: Nifty above 17,900, Sensex reclaims 60,000 mark; IT, banking shares shine](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_850x478/public/2022/01/10/172186-bull2.jpg?itok=1uXbey3n&c=5152e13967ff0fe20de52cd2770cbb99)
Domestic equity markets on Friday started on a strong note amid expectations of good earnings as the global markets remained subdued to negative on Monday. Headline indices Nifty50 and the S&P BSE Sensex opened at 17,913.30 and 60,070.39 respectively on the first trading day of the week, which will see four IT majors, including TCS, coming up with their results going forward.
TCS, ICICI Bank, HDFC Bank, Axis Bank, Maruti, Bajaj Finserv, Reliance, State Bank, Tech Mahindra, Infosys and Bajaj Finanace were top gainers on the two indices. Stocks that dragged the indices the most on Monday were Wipro, Cipla, Sun Pharma, Dr Reddy's, Divis Labs, Hindalco and Nestle India.
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In the pre-open, the Sensex crossed 60,000-mark as the 30-share index gained over 300 points to trade at 60,064.89 on Monday. As many as 27 shares advanced and 3 declined in the pre-open.
The SGX Nifty hinted at a positive opening for the Indian markets as the Futures index traded 64 points or 0.36% higher to 17,921.00 at 9.05 am.
Earlier, the cues from the Asian markets were weak this morning as Japanese Nikkei 225 was trading flat and Chinese Shanghai Composite was trading lower by 0.45 per cent at 7.40 am. However, Hang Seng Index at the Hong Kong Exchange traded with 0.70per cent gain in the morning.
In the US market, all Wall Street indices ended in the red on Friday. Dow Jones closed flat to negative s the index ended lower by 5 points, Nasdaq Composite declined 0.96%, S&P 500 lost 0.41% and Russell 2,000 too slipped 1.20% to settle in the red on Friday.
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